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The FCA has published a speech made by Andrew Bailey, FCA Chief Executive, focusing on Brexit and why free trade and open markets in financial services matter. FCA, 6 July 2017

FSB resolution planning guidance on internal TLAC

The Financial Stability Board (FSB) has published guiding principles to assist authorities in implementing the FSB’s standard on Total Loss-Absorbing Capacity and facilitating the continued access to critical financial market infrastructure services in resolution. FSB, 6 July 2017

BCBS and IOSCO consult on STC short-term securitisations

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have published a consultative document on criteria for identifying simple transparent and comparable (STC) short-term securitisations. The BCBS has also published a consultation on the capital treatment for short-term securitisations. Responses required by 5 October 2017. BCBS, 6 July 2917

BoE and PRA annual report and accounts 2017

The Bank of England and PRA have published their annual report and accounts for 2017. Bank of England, 6 July 2017

PRA policy statement on 2017/18 regulatory fees and levies

The PRA has published a policy statement providing feedback to responses to Consultation Paper (CP) 4/17 setting out final fee rates and rules to recover the PRA’s Annual Funding Requirement, the ring-fencing implementation fee and the International Financial Reporting Standard (IFRS) 9 fee for the financial period 1 March 2017 to 28 February 2018. PRA, 6 July 2017

The Bank of England has published a paper containing the framework for engagement between the BoE's Executive and the Financial Policy Committee (FPC) with regard to the sterling monetary framework Bank of England, 6 July 2017

FSB guidance on continuity of access to Financial Market Infrastructures (FMIs) for a firm in resolution

The Financial Stability Board has published guidance on continuity of access to financial market infrastructures (FMIs) for a firm in resolution. FSB, 6 July 2017

PRA Policy Statement - IRFS 9 and changes to reporting requirements

A PRA policy statement setting out final rules intended to update regulatory reporting requirements, and expectations, in light of the introduction of International Financial Reporting Standard 9 (IFRS 9) from 1 January 2018. PRA, 6 July 2017

INSURANCE

10th Annual IAIS Global Seminar marked by several key announcements and update on the activities-based approach to systematic risk assessment

The International Association of Insurance Supervisors (IAIS) has published details from its Global Seminar, hosted in Old Windsor, United Kingdom which included a range of global insurance panel topics. IAIS, 5 July 2017

INVESTMENTS AND FUNDS

FCA publishes draft forms for benchmark administrators

The FCA has made published draft application forms for benchmark administrators as part of consultation on Handbook changes to reflect application of the Benchmarks Regulation. FCA, 6 July 2017

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